Section 80DD has also been retained in the proposed Direct Tax Code as
section 71. The proposed section 71 is pasted below.
Deduction in respect of maintenance of a disabled dependant
71. (1) A person, being an individual or a Hindu undivided family, shall be
allowed a
deduction in respect of -
(a) any expenditure incurred during the financial year for the medical
treatment, nursing or training and rehabilitation of a disabled dependant;
or
(b) any amount actually paid or deposited during the financial year
under a scheme framed by any insurer and approved by the Board in this
behalf, for the maintenance of a disabled dependant.
(2) The amount of deduction under sub-section (1) shall not exceed in the
aggregate -
(a) one hundred thousand rupees, if the dependant is a person with severe
disability; and
(b) fifty thousand rupees, in any other case.
(3) The deduction in respect of the amount referred to in clause (b) of
sub-section (1)
shall be allowed, if the scheme referred to therein provides for payment of
annuity or lump sum amount for the benefit of the disabled dependant in the
event of the death of the individual.
(4) The person, claiming a deduction under this section, shall obtain a
certificate issued by the medical authority in the prescribed form and
manner.
(5) The deduction under this section shall be allowed during the period
of validity of the certificate referred to in sub-section (4).
(6) The amount received by the person under the scheme referred to in
clause (b) of sub-section (1) upon the disabled dependant predeceasing him
shall be deemed to be the income of the person for the financial year in
which the amount is received by him.
(7) For the purposes of this section,-(a) "dependant" means the spouse,
any child or any parent of the individual, or
any member of the Hindu undivided family, if,-(i) he is mainly dependant
on such individual, or Hindu undivided family,
for his support and maintenance; and (ii) his annual income is less than
twenty-four thousand rupees; (b) "disabled dependant" means a dependant who
is referred to as person in,-(i) clause (t) of section 2 of the Persons
with Disabilities (Equal Opportunities,
Protection of Rights and Full Participation) Act, 1995; or (ii) clause (j)
of section 2 of the National Trust for Welfare of persons with
Autism, Cerebral Palsy, Mental Retardation and Multiple Disabilities Act,
1999;
Regards
Mr. Sameer Latey,
Mumbai, India
----- Original Message -----
From: "pamnani" <[email protected]>
To: <[email protected]>
Sent: Wednesday, August 26, 2009 8:40 PM
Subject: Re: [AI] Proposed Direct Tax Code
thanks Sameer,
what happens to the current 80Dd
----- Original Message -----
From: "Sameer Latey" <[email protected]>
To: <[email protected]>
Sent: Wednesday, August 26, 2009 11:19
Subject: Re: [AI] Proposed Direct Tax Code
Dear Friend,
We continue to enjoy the same benefits under the proposed Direct Tax Code.
Section 79 of the proposed Code is similar to the present section 80U. I
am
pasting Section 79 below.
Deduction in case of a person with disability
79. (1) A person shall be allowed a deduction of an amount specified in
sub-section (2)
subject to the conditions specified in sub-section (3).
(2) The amount of deduction under sub-section (1) shall be -
(a) one hundred thousand rupees, if he is a person with severe
disability; and
(b) fifty thousand rupees, if he is a person with disability.
(3) The deduction under sub-section (1) shall be allowed, if the
person -
(a) is a resident individual; and
(b) obtains a certificate from a medical authority in the prescribed
form and manner.
(4) The deduction under this section shall be allowed during the period
of
validity of
the certificate referred to in sub-section (3).
Regards
Mr. Sameer Latey,
Mumbai, India
----- Original Message -----
From: "Sakina Dhariwala" <[email protected]>
To: <[email protected]>
Sent: Wednesday, August 26, 2009 9:21 AM
Subject: [AI] Proposed Direct Tax Code
Hi friends I want to know about the future of V I persons under the
Propose Direct Tax Code?
Previously We were benifited under the section A T U for Rs.Seventy Five
Thousand and for this year it is Rs. One Lakh.
With warm regards Sakina.
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